Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1887-09-22
THE DEMoeRATO NORTHWEST THURSDAY SEPTEMBER 90 1887
THE IRON TRADE.

The state of the iron market at the
present time furnishes another prooi
that Cleveland's clean and conservative
administration has created a feeling oI
security among business men that il
eminently favorable to trade. We are
indebted to the Iron Trade Reuiew fol
the following synopsis of facts taken from
its "Market Review" They relate
mainly to pig iron, and are grouped un-
der the names Of the places whence the
reports come.
CLEvELAND.-There are no stocks ON
hand. What is made, over and above
future delivery long engaged, is readily
sold AMI smaller manufacturers are con-
stantly looking for iron, for immediate
dellvery. PrtceS are firm and while it is
true that some large buyers are holriing
OIL Tor lower quotations. the state OF
business and the healthy tone of the marEet
by no means warrant any such result,
either in the immediate future or for
some months to come. Iron makers haze
no digcuity in dispOsiRg of their material as,
where one buyer holds off, there are ten
who will purchase. The hardware trade
reports ali excellent business in aearly egery
depdifmeatseShop goods are selling ex-
ceptionally we'll and small dealers are
placing larger orders than usual.
The ore business IS boOmiRg and the
furnaces are rapidly filling up on old or
derS. The receipts of the week were 49,
655 tons as against 81, ,529 tons during the
corresponding week in 1865, gain Of l2,-
l3' tons and the rail shipments of the
week were 25,62O tons, as against IL, 424
tons during the corresponding week in
1866, the gain being IA, 1876 tons.
CINcINNATI.-A frm, dctiUs market, with
out any exciting or material change in
prices, was the prevailing feature of the
Week. Orders booked have been about
equally divided between those for i'm
mediate and those for future delivery.
Northern Ohio and Western Pennsyl-
vanla furnaces are profiting by the alb
sence OF Southern iron in the market,
and taking good orders in the field
hitherto occupied by Southern irons.
Sellers are generally firm and confident in
their gievS, but do not Want to put prices
higher if it can be avoided. Notwith-
standing the complete resumption of
t furnaces stopped by the coke strike,
tn ere is still marked scarcity of desir-
able grades of iron for early delivery, and
the four furnaces that are in shape to take
orders, are enjoying a peculiar advantage.
CmcAGo.-An almost unprecedented run
OF small orders has kept dealers busy dur.
ing the week. Careful inquiry indicates
that there is less iron bought ahead than
at correspond-time in previous years.
This indicates that buying Qlust continue
liberal throughout the Fall and Winter,
Most foundries are using up iron faster
than expected. There are no important
changes in prices, but slow, steady
hardening in soft irons and Lake Superior
charcoal.
Sr. LoUIs.-There is freezer disposition
to buy iron in this market. Orders have
been liberal since last report, and they
have, been quite large for forward de-
llvenes. The theory that the recent
in prices was temporary and
would disappear as soon as the coke |
strike was ended, is about abandoned. |
seems apparent that there will be a ldrqe |
md uniform demand throughout the Fail
md Winter, and ii aVM tao the furnaces to |
he'r full capacity to meet it; principal seE-
terss are opposed to any ttufhor advance IN
prices, being well satisfied as they are.
They find 1t difficult, howeuer, to meet the
demand upon them at these figures.
CHATTANooGA.-The tenor of general
business for the past two weeks has been
characterized by continuation of the |
same activity that has prevailed during
the entire year. The merchants and
,nldnyacturers are all doing aUeH and are
having full line of trade in their re-
spective callings and so far as can be OBJ
served are making money.